The Mad Money host thinks Macy's has a tailwind that retailers such as Coach,Ralph Lauren and many others do not have. That is, Macy's derives the lion's share of its sales domestically.

And according to Lundgren Macy's is much more than a US focused retailer – it's hyper local retailer, largely via an initiative called My Macy's.

Adam Jeffery | CNBC

Terry Lungren, CEO of Macy's

That is, Macy's has people living and monitoring 69 cities around the country, "and they're guiding the decisions we make – they're determining what we sell and how it varies location to location," Lundgren said.

For example, a size or color or style that may not sell in Memphis may sell quite well in Massachusetts. Rather than take a one size fits all strategy, Macy's now tailors its merchandise store by store.

"And that translates into increased sales, profitability and cash flow," said Lundgren.

"Macy's is the only national store doing this", Cramer said. "Other chains want all their stores to be absolutely the same; only Macy's understands that they'll do better if they're slightly different."

In fact, Macy's has become such an expert at the cities and regions it serves that the White House will sometimes ask the company for insights.

"We are regularly contacted by the White House for a heads up on how the consumer is performing," Lundgren admitted. That suggests to Cramer that Macy's strategy is spot on. "It's a fabulous story and a fabulous stock," he said.